EVRG (Evergy) Interest Expense : $-553 Mil (TTM As of Sep. 2024)

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What is Evergy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Evergy's interest expense for the three months ended in Sep. 2024 was $ -144 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-553 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Evergy's Operating Income for the three months ended in Sep. 2024 was $ 622 Mil. Evergy's Interest Expense for the three months ended in Sep. 2024 was $ -144 Mil. Evergy's Interest Coverage for the quarter that ended in Sep. 2024 was 4.32. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Evergy Interest Expense Historical Data

The historical data trend for Evergy's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Evergy Interest Expense Chart

Evergy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-374.00

-383.90

-372.60

-404.00

-525.80

Evergy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-136.80	-132.20	-133.20	-143.60	-143.90

Evergy Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-553 Mil.

Evergy (NAS:EVRG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Evergy's Interest Expense for the three months ended in Sep. 2024 was $-144 Mil. Its Operating Income for the three months ended in Sep. 2024 was $622 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $11,571 Mil.

Evergy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	621.6	/	-143.9
	=	4.32

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Evergy Inc interest coverage is 2.59, which is low.

Evergy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Evergy Inc (NAS:EVRG) » Definitions » Interest Expense

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Traded in Other Exchanges

3E7:Germany 3E7:Germany

Address

1200 Main Street, Kansas City, MO, USA, 64105

Website

https://investors.evergy.com

Evergy is a regulated electric utility serving eastern Kansas and western Missouri. Major operating subsidiaries include Evergy Metro, Evergy Kansas Central, Evergy Missouri West, and Evergy Transmission Co. The utility has a combined rate base of approximately $20 billion, about half in Kansas and the rest split between Missouri and federal jurisdiction. Evergy is one of the largest wind energy suppliers in the US.

Executives

Charles L King	officer: SVP & CHIEF TECHNOLOGY OFFICER	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Kevin E. Bryant	officer: EVP - CHIEF OPERATING OFFICER	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Charles A. Caisley	officer: SVP - MKTG & PA & CHIEF CO	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Heather A Humphrey	officer: SVP - GEN COUNSEL, CORP SEC	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Sandra Aj Lawrence	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Ann D. Murtlow	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Mary L. Landrieu	director	100 CENTURYLINK DRIVE, MONROE LA 71203
Neal A Sharma	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Lesley Lissette Elwell	officer: SVP & CHIEF HR OFFICER	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
James Scarola	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
C John Wilder	director	ENTERGY CORP, 639 LOYOLA AVENUE, NEW ORLEANS LA 70113
David A Campbell	director, officer: PRESIDENT AND CEO	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Kirkland B Andrews	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Thomas D Hyde	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Anthony D Somma	officer: EVP - CHIEF FINANCIAL OFFICER	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105